can Pub ltd co be a partner of a firm
This query is : Resolved
16 February 2009
Can a Public limited Company(INDIAN) be a partner of a Partnership firm (INDIAN) according to Indian laws? If yes then what is the procedure should be followed?
16 February 2009
Yes. A public limited company can be a partner in a partnership firm.
Step 1 : Conduct the board meeting.
Step 2 : Bring the subject of joining a partnership firm. The same has to be discussed in detail alongwith investment propsed.
Setp 3 : Pass a resolution to that effect.
Step 4 : Check section 372A of the companies act.
Step 5 : Comply with all the provision of Section 372 A.
Step 6 : File form 23 to Roc.
Setp 7 : Create partnership deed, register the same.
Setp 8 : Then invest.
Step 9: Enter the details in the investment register.
Step 10 : Conduct board meeting and authorise one director to monitor partnership activities.
Step 1 : Conduct the board meeting.
Step 2 : Bring the subject of joining a partnership firm. The same has to be discussed in detail alongwith investment propsed.
Setp 3 : Pass a resolution to that effect.
Step 4 : Check section 372A of the companies act.
Step 5 : Comply with all the provision of Section 372 A.
Step 6 : File form 23 to Roc.
Setp 7 : Create partnership deed, register the same.
Setp 8 : Then invest.
Step 9: Enter the details in the investment register.
Step 10 : Conduct board meeting and authorise one director to monitor partnership activities.
16 February 2009
Thanks for the reply, but could u please tell me if it is not attracted by sec 372 then form 23 should be filed or not.
16 February 2009
Even then you have to file form 23 because you are registering with roc the important resolutions passed by the board.
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